GXO Logistics (GXO) Scheduled to Post Quarterly Earnings on Tuesday

GXO Logistics (NYSE:GXO) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect GXO Logistics to post earnings of $0.48 per share for the quarter. GXO Logistics has set its FY24 guidance at $2.70-2.90 EPS and its FY 2024 guidance at 2.700-2.900 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. GXO Logistics had a net margin of 2.34% and a return on equity of 10.94%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the firm posted $0.83 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, analysts expect GXO Logistics to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

GXO Logistics Stock Performance

Shares of GXO stock opened at $50.27 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63. GXO Logistics has a one year low of $48.11 and a one year high of $67.57. The company has a 50 day moving average price of $50.60 and a 200 day moving average price of $54.37.

Analyst Ratings Changes

A number of brokerages recently weighed in on GXO. TD Cowen lifted their target price on GXO Logistics from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Citigroup decreased their price objective on shares of GXO Logistics from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Loop Capital cut their target price on shares of GXO Logistics from $76.00 to $74.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Stifel Nicolaus upped their price target on shares of GXO Logistics from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Susquehanna raised their price objective on GXO Logistics from $73.00 to $75.00 and gave the company a “positive” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.69.

Insider Buying and Selling

In related news, Director Gena L. Ashe sold 4,737 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $50.00, for a total transaction of $236,850.00. Following the transaction, the director now directly owns 20,851 shares in the company, valued at $1,042,550. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

About GXO Logistics

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.